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Monday, 18 January 2021

Wall Street inches higher

Duration: 01:02s 0 shares 1 views
Wall Street inches higher
Wall Street inches higher

Wall Street eked out slight gains Thursday as investors waited for concrete news on a hoped-for interim trade deal between the United States and China.

Fred Katayama reports.

Stocks on Wall Street ended Thursday close to where they began the day.

Investors avoided making risky bets amid a lack of new developments in U.S.-China trade talks.

Tech stocks nudged the Dow and S&P up about one-tenth percent.

Avantax Wealth Management investment advisor John Vento: SOUNDBITE: AVANTAX WEALTH MANAGEMENT INVESTMENT ADVISOR JOHN VENTO (ENGLISH) SAYING: "The market today was pretty flat.

So on any given day, if you're judging making investment decisions on that for the long term, chances are you're not going to do too well with investing.

So if you're really a true long-term investor, I would just focus on what is the outlook for 2020." Shares of Kroger dropped.

The supermarket chain's quarterly profit and sales missed analysts' targets.

It has been hurt by strong competition from Walmart and Amazon.

Discount retailer Dollar General gained ground.

It raised its profit forecast for the full year.

Same-store sales posted its best performance in five years.

Nike sprinted higher.

Goldman Sachs upgraded the sports apparel maker's shares to "buy" from "neutral."

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